Palladium rises over 1% to record highs as dollar declines

Palladium prices rose over 1% in American trade to record highs as the dollar index fell off November 13 highs for another session, following earlier inflation data from the US today., 

As of 02:59 GMT, palladium rose 1.42% to $1,264.57 an ounce, with a record high at $1,265.50, while the dollar index declined 0.32% to 97.08 off four-week highs. 

Earlier US data showed consumer prices were unchanged in November as expected, down from October's 0.3% increase. 

Core prices excluding food and energy, rose 0.2% as expected, and also the same as October. 

The US Treasury Department will release data on the budget today, expected to show an increase in the deficit to $193.5 billion from $100.5 billion in October.